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Old 06-19-2006, 05:26 PM
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Default Mastro Auctions Investigated for Shill Bidding

Posted By: Paul

I'm confused. The whole tone of the article is that Mastro was somehow involved in Noe's scheme to misappropriate public funds entrusted to him. ("Now the scandal has even spread to the world of sports memorabilia: Ohio investigators say Mastro Auctions, the world's largest sports auction house, may have played a role in what is being called "Coingate.") But the article doesn't actually accuse Mastro of helping Noe steal public funds. Instead, the article accuses Mastro of stealing from Noe by overcharging Noe through shill bidding. Even if those allegations were true, I'm not sure how that makes Mastro part of the Noe scandal.

Obviously, if Mastro were guilty of shill bididng, it would be something I'd want to know about and quite probably something that should be punished. But it seems like there is an effort here by the NY Daily News to drag Mastro into an entirely different scandal.

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